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Contract

Standard Promissory Note

1.The Parties. On September 29, 2020, One (1) individual known as Pedro Gonzalez of 11346 Old Telegraph Rd, Houston, Texas, 77067, referred to as the “Borrower”,

Has Received and Promises to Pay:

One (1) individual known as Justin Gonzalez of 14013 Harris Ridge, Blvd, Pflugerville, Texas, 78660, referred to as the “Lender”, the sum of $10,000.00 US Dollars, referred to as the “Borrowed Money”, with a fixed interest rate of 10 percent (%), per this 11 month contract, referred to as the “Interest Rate”, beginning on Oct 5 2020 under the following terms and conditions:

2.PAYMENTS. The full balance of this Note, including any accrued interest and late fees, is due and payable on September 5, 2021, referred to as the “Due Date”, with 1 month of forbearance of payment available during this term. The Borrowed Money shall be repaid via installments every month in the following schedule:

The Borrowed Money shall be repaid via equal installments on the Fifth (5^th) of every month beginning on November 5, 2020 of $1000 with any remaining balance payable on the Due Date.

In addition, money that is not paid by the Borrower on-time for any installment will continue to be charged the Interest Rate stated in this Note.

3.SECURITY. There shall be no Security put forth by the Borrower in this promissory note.

4.INTEREST DUE IN THE EVENT OF DEFAULT. In the event the Borrower fails to pay the note in full on the Due Date, the unpaid principal shall accrue interest at the maximum rate allowed by law until the Borrower is no longer in default.

5.ALLOCATION OF PAYMENTS. Payments shall be first credited to any late fees due, then to interest due and any remainder will be credited to principal.

6.PREPAYMENT. Borrower may prepay this Note without penalty.

7.ACCELERATION. If the borrower is in default under this Note or is in default under another provision of this Note, and such default is not cured within the minimum allotted time by law after written notice of such default, then Lender may, at its option, declare all outstanding sums owed on this Note to be immediately due and payable.

8.ATTORNEY’S FEES AND COSTS. Borrower shall pay al costs incurred by Lender in collecting sums due under this Note after a default, including reasonable attorneys’ fees. If Lender or Borrowers sues to enforce this Note or obtain a declaration of its rights hereunder, the prevailing party in any such proceeding shall be entitled to recover its reasonable attorneys’ fees and costs incurred in the proceeding (including those incurred in any bankruptcy proceeding or appeal) from the non-prevailing party.

9.WAIVER OF PRESENTMENTS. Borrower waives presenting for payment, notice of dishonor, protest and notice of protest.

10.NON-WAIVER. No failure or delay by Lender in exercising Lender’s rights under this Note shall be considered a waiver of such rights.

11.SEVERABILITY. In the event that any provision herein is determined to be void or unenforceable for any reason, such determination shall not affect the validity or enforceability of any other provision, all of which shall remain in full force and effect.

12.INTEGRATION. There are no verbal or other agreements which modify or affect the terms of this Note. This Note may not be modified or amended except by a written agreement signed by the Borrower and Lender.

13.CONFLICT TERMS. The terms of this Note shall have authority and precedence over any conflicting terms in any referenced agreement or document.

14.NOTICE. Any notices required or permitted to be given hereunder shall be given in writing and shall be delivered (a) in person, (b) by certified mail, postage prepaid, return receipt requested, (cd) by facsimile, or (d) by commercial overnight courier that guarantees next day delivery and provides a receipt, and such notices shall be made to the parties at the addresses listed below.

15.GUARANTORS. There shall be no person or entity, under the terms of this Note, that shall be responsible for the payment, late fees, and any accrued interest other than the Borrower.

16.EXECUTION. The Borrower executes this Note as a principal and not as a surety. If there is a Co-Signer, the Borrower and Co-Signer shall be jointly and severally liable under this Note.

17.GOVERNING LAW. This note shall be governed under the laws in the State of Texas.

With my signature below, I affirm that I have read and understand this promissory note.

Borrower’s Signature________________________________________________

Lender’s Signature __________________________________________________

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Signed On: September 29, 2020

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Timestamp

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September 29, 2020 3:32 am GMT

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